Latin American auction site MercadoLibre (MELI) gains 15.1% AH after reporting Q3 revenue of...

|By:, SA News Editor

Latin American auction site MercadoLibre (MELI) gains 15.1% AH after reporting Q3 revenue of $81.6M (+46% Y/Y) and EPS of $0.60, beating consensus by $2.9M and $0.17. Gross merchandise volume grew 52% Y/Y, and registered users increased 28%. The company's payments business saw volume increase 94% Y/Y, and transactions grow 103%.